My stop is always at 2 points. I put my stop at the entry if i see a trade that is very risky (signal that is a bit confused) or when i'm over 2 points in open profit. If you're in profit you shouldn't accept any loss on that trade anymore. The 2 points stop is to give the trade a little bit of room to develop and to compensate for an entry that was very good.
The market has not seen an uptick since you started this journal! I hope you paid your October bills first. :eek:
I know this is weird. The volatility index is high. I think there are quite a few traders try to go long. Again I really have no bias. I am just trying to scalp my line. I try to short this morning but I was just too slow. Don't put me in the bull camp.
Nothing lines up clearly but it kissed my support again but I am not gonna do anything with this market.
In a short trend every support is a support.... till it's broken and the next support is again lower. If you trade against the trend, sooner or later, you will catch the mother of all losses.
I know that. I always have my 1 - 1.25 stop. You didn't see me do anything with this W. P.S. But it was a valid trade.